Lantronix Q1 revenue beats estimates driven by Embedded IoT Solutions segment
LTRX•Lantronix reported fiscal Q1 revenue of $32.37 million, up 8% year over year and above the $31.99 million consensus estimate. Non-GAAP net income rose 50% to $2.2 million, and the company reaffirmed its outlook for double-digit revenue growth in fiscal 2027.
1. Quarterly results
Lantronix’s fiscal Q1 revenue increased 8% year over year to $32.37 million, beating analyst estimates of $31.99 million. Non-GAAP net income rose 50% to $2.2 million. The company reported a net loss of $463,000 and a loss of $0.01 per basic share.
2. Outlook and drivers
Lantronix expects Q2 revenue of $32.5 million to $34.5 million and non-GAAP net income of $1.8 million to $2.7 million, or $0.04 to $0.06 per share. It reaffirmed its expectation for double-digit revenue growth in fiscal 2027. Embedded IoT Solutions revenue rose 37% year over year, driven by unmanned systems and expansion into advanced surveying and smart security monitoring; the Nero Global Tracking acquisition lifted software and services to more than 10% of total revenue.
